World Economy

London Copper Cuts Losses

London Copper Cuts LossesLondon Copper Cuts Losses

 London copper pared early losses on Tuesday, as expectations grew that China would have to boost stimulus to shore up its economy after data showed a slowdown in factory activity last month, Reuters reported. China’s manufacturing activity shrank for the seventh month in a row and more sharply than expected in February, an official survey showed. Three-month copper on the London Metal Exchange was trading down 0.1% at $4,690 a ton, paring more than 1% losses from earlier in the day. Prices, little changed on Monday, hit a 3-1/2 month top of $4,771 last week.